12/12/2008

YM Trading

The DOW futures came back to life Friday after a slow week of trading. Today had some intra day range and was a nice trading market.

I was watching the 5 and 1 minute charts again and trading mainly off the 8 tic renko chart. This 5 minute chart shows a couple of the strong long moves we saw today.

With the blue in place on the 5 minute we looked for long entries on the renko chart.

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